It doesn’t happen often (the last time was more than 15 years ago), but Freddie bested Fannie in single-family MBS issuance in August. Freddie saw big gains in multi-lender swap and guarantor business. (Includes two data charts.)
United Wholesale ranked as the top conventional-conforming lender thanks to its dominant wholesale-broker platform. The company made a splash in the surging jumbo sector. (Includes two data charts.)
A sharp drop in bank mortgage repurchases from the first to the second quarter was due mostly to one institution: USAA Federal Savings Bank. (Includes data chart.)
Fannie Mae, Freddie Mac and Ginnie Mae all securitized a higher proportion of loans in their respective markets during the second quarter, but non-agency securitization rates benefited more from a surge in new lending. (Includes data chart.)
Originations of non-agency jumbos set an all-time record in the second quarter, but securitization of conforming-jumbo loans by Fannie, Freddie and Ginnie was down. (Includes three data charts.)
Sales of FHA and VA loans into Ginnie MBS, both purchase mortgages and refinances, fell in August. But some issuers gained share in an ebbing market. (Includes two data charts.)
Freddie topped Fannie in single-family MBS issuance for the first time since late 2005 as a heavy flow of refinance business boosted the agency market in August. (Includes two data charts.)